Clinton family will stop raising money for foundation if Hillary elected president

PeterNicholas

Former President Bill Clinton and his daughter, Chelsea, plan to stop raising money for the Clinton Foundation and turn over operations to independent parties if Democratic candidate Hillary Clinton is elected president, according to people familiar with the plans.

The Clintons also plan to discontinue after this year one of the foundation’s signature events, the Clinton Global Initiative, Clinton told the staff at the foundation’s headquarters in New York on Thursday, according to people familiar with the matter.

Next month’s annual meeting aims to draw commitments from corporations, philanthropies and others to seek to remedy global problems such as poverty and AIDS.

The Clinton Foundation also would no longer accept foreign and corporate donations if Mrs. Clinton were elected president, a foundation official said on Thursday.

The planned changes are an attempt to insulate Mrs. Clinton from perceptions that Clinton Foundation donors could benefit from her administration’s official actions, these people and a Clinton campaign official said. Even a scaled-down foundation would mark an unprecedented turn in politics, given what would be the organization’s close identification with the White House.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.